Gold Steady as Markets Brace for Trump Turmoil
Gold steadied ahead of Donald Trump’s inauguration as U.S. president on Monday evening as traders braced for an era that could bring massive tariffs, trade wars and widespread market turmoil.
The precious metal was near $2,710 an ounce, after posting a third weekly gain. Prices were boosted last week by weaker-than-expected U.S. inflation that prompted investors to restart bets on further Federal Reserve interest rate easing this year. Loose monetary policy is usually positive for gold because it does not pay interest.
Source: Bloomberg